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Avant Brands (TSE:AVNT)
TSX:AVNT
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 15, 2024
|% Change Since: -50.00%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
Avant Brands reported strong financial performance with record revenue and growth, positive cash flow, and international market expansion despite competitive challenges in the Canadian market.Company Guidance
During the Avant Brands Q1 2024 earnings call, the company disclosed a robust financial performance, surpassing their guidance with gross revenue reaching $8.9 million, against an anticipated $8.2 to $8.8 million. Net revenue climbed by 15% year-over-year, hitting a record $8.1 million. The gross margin was at a healthy 58%, with Canadian recreational sales at 63% and exports achieving an impressive 74% margin. The firm generated a record positive cash flow of $3.8 million and reported an adjusted EBITDA of the same amount, reflecting a 47% margin. Avant also announced a private placement to secure up to $3.89 million to bolster working capital, with a strategic investor contributing a lead order of $600,000. Additionally, the company’s export channel expanded significantly with five new agreements, solidifying its presence in international markets and offsetting domestic challenges.Record Revenue and Growth
Avant Brands exceeded guidance with gross revenue of $8.9 million and net revenue increased by 15% year-over-year to a record $8.1 million. Gross margin reached a record $4.7 million with a healthy 58% margin overall.
Positive Cash Flow and EBITDA
Generated positive cash flow at a record $3.8 million and achieved a 47% adjusted EBITDA margin of net revenue. Avant has achieved positive EBITDA for 6 of the past 7 quarters.
International Market Expansion
Secured 5 new cannabis export agreements, bringing the total to 12 across Israel, Australia, and Germany. Export remains the fastest-growing channel.
Strong Export Pricing
Maintained strong export selling prices at $4.30 a gram, with the BLK MKT brand maintaining its premium price point.
Private Placement for Growth
Announced a private placement to secure up to $3.89 million in gross proceeds to support working capital needs.
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TSE:AVNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:AVNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 15, 2024 | C$1.00 | C$1.05 | +5.00% |
| Jul 15, 2024 | C$1.95 | C$1.95 | 0.00% |
| Apr 15, 2024 | C$2.70 | C$2.55 | -5.56% |
| Feb 29, 2024 | C$3.60 | C$3.45 | -4.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Avant Brands (TSE:AVNT) report earnings?
Avant Brands (TSE:AVNT) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Avant Brands (TSE:AVNT) earnings time?
Avant Brands (TSE:AVNT) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:AVNT EPS forecast?
Currently, no data Available
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